NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Investment Options and the Business Cycle

Boyan Jovanovic

NBER Working Paper No. 13307
Issued in August 2007

---- Acknowledgements -----

I thank J. Campbell, J. Eaton, R. Gordon, B. Hall, R. Hall, H. Hopenhayn, A. Kurmann, and N. Stokey for comments, V. Tsyrennikov for computations, corrections, comments, and for writing Appendix 1, and the NSF for support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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